LEN
Lennar Corporation (LEN)
Last Price$117.9(1.4%)
Market Cap$31.9B
$35.4B
+3.5% YoY
$3,932.5M
-0.2% YoY
($2,404.4M)
Net Debt to FCF - (1.8x)
$1,360.5M
3.8% margin

LEN Income Statement

LEN Income Statement Overview

Annual
Quarterly
LTM
Nov'15
Nov'16
Nov'17
Nov'18
Nov'19
Nov'20
Nov'21
Nov'22
Nov'23
Nov'24
$35.4B 3.5% YoY
$8,058.8M (1.4%) YoY
22.7% margin
Cost of revenue
$27.4B 5.1% YoY
Operating income
$4,929.5M (9.4%) YoY
13.9% margin
Other: $255.4M
Operating expenses
$3,129.3M 14.5% YoY
Pre-tax income
$5,184.9M (0.3%) YoY
14.6% margin
Net income
$3,932.5M (0.2%) YoY
11.1% margin
Income tax
$1,217.3M
23.5% tax rate
SG&A
$3,129.3M 14.5% YoY
8.8% of revenue

LEN Income statement key metrics

Annual
Quarterly
LTM

Revenue

$35.4B +3.5% YoY

Operating Income

$4.9B -9.4% YoY

Net Income

$3.9B -0.2% YoY

LEN Balance Sheet

LEN Balance Sheet Overview

Annual
Quarterly
LTM
Nov'15
Nov'16
Nov'17
Nov'18
Nov'19
Nov'20
Nov'21
Nov'22
Nov'23
Nov'24
Assets
Liabilities
Total assets
$41.3B
Current assets ($29.1B, 70.4% of total)
$8,288.0M (20.1%)
$1,053.2M (2.5%)
Other current assets
$19.7B (47.8%)
Non-current assets ($12.2B, 29.6% of total)
$1,344.8M (3.3%)
Other non-current assets
$10.9B (26.4%)
Financial position
($6,029.7M)
$8,288.0M$2,258.3M
Cash & Short-term Investments
Total Debt

LEN Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$41.3B +5.3% YoY

Liabilities

$13.3B +6.1% YoY

Shareholder's Equity

$28.0B +4.9% YoY

LEN Cash Flow Statement

LEN Cash Flow Statement Overview

Annual
Quarterly
LTM
Nov'15
Nov'16
Nov'17
Nov'18
Nov'19
Nov'20
Nov'21
Nov'22
Nov'23
Nov'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$6,570.9M$0.0$0.0$0.0$0.0$6,570.9M

LEN Cash Flow Statement key metrics

Annual
Quarterly
LTM

LEN Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Nov'05Nov'06Nov'07Nov'08Nov'09Nov'10Nov'11Nov'12Nov'13Nov'14Nov'15Nov'16Nov'17Nov'18Nov'19Nov'20Nov'21Nov'22Nov'23Nov'24
% growth
13,867.0
32.0%
16,266.7
17.3%
10,186.8
(37.4%)
4,575.4
(55.1%)
3,119.4
(31.8%)
3,074.0
(1.5%)
3,095.4
0.7%
4,104.7
32.6%
5,935.1
44.6%
7,779.8
31.1%
9,474.0
21.8%
10,950.0
15.6%
12,646.4
15.5%
20,571.6
62.7%
22,259.6
8.2%
22,488.9
1.0%
27,130.7
20.6%
33,671.0
24.1%
34,233.4
1.7%
35,441.5
3.5%
Cost of Goods Sold (COGS)11,635.415,171.412,639.54,885.33,459.52,855.7193.23,216.54,543.75,965.87,340.78,556.211,021.516,629.317,742.119,006.620,853.423,197.126,061.327,382.7
% margin
2,231.6
16.1%
1,095.3
6.7%
(2,452.7)
(24.1%)
(309.8)
(6.8%)
(340.1)
(10.9%)
218.3
7.1%
2,902.2
93.8%
888.2
21.6%
1,391.4
23.4%
1,814.0
23.3%
2,133.3
22.5%
2,393.8
21.9%
1,624.9
12.8%
3,942.3
19.2%
4,517.5
20.3%
3,482.2
15.5%
6,277.3
23.1%
10,474.0
31.1%
8,172.0
23.9%
8,058.8
22.7%
Operating Expenses187.3193.3173.2129.8120.193.995.3566.1705.5892.01,047.31,131.5285.91,952.12,056.3358.4398.43,649.52,732.43,129.3
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)187.3193.3173.2129.8120.193.995.3566.1705.5892.01,047.31,131.5285.91,952.12,056.3358.4398.42,378.72,732.43,129.3
2,044.3
14.7%
902.0
5.5%
(2,914.0)
(28.6%)
(400.8)
(8.8%)
(31.0)
(1.0%)
100.1
3.3%
109.0
3.5%
227.8
5.6%
745.5
12.6%
885.5
11.4%
1,073.6
11.3%
1,257.7
11.5%
1,475.5
11.7%
1,755.6
8.5%
2,369.0
10.6%
3,029.2
13.5%
5,792.9
21.4%
7,458.8
22.2%
5,439.6
15.9%
4,929.5
13.9%
Interest Income0.00.00.00.028.90.00.00.00.00.00.00.00.00.017.622.420.134.40.00.0
Interest Expense45.013.41.94.170.970.490.794.493.936.612.54.67.211.317.622.4365.41,478.6257.90.0
Pre-tax Income2,159.7942.6(3,081.1)(561.5)(731.5)94.798.0222.1681.9969.81,209.61,330.51,189.62,262.72,434.33,123.85,819.16,014.65,202.35,184.9
% effective tax rate
815.3
37.7%
348.8
37.0%
(1,140.0)
37.0%
547.6
(97.5%)
(314.3)
43.0%
(25.7)
(27.2%)
(14.6)
(14.9%)
(435.2)
(195.9%)
177.0
26.0%
341.1
35.2%
390.4
32.3%
417.4
31.4%
417.9
35.1%
545.2
24.1%
592.2
24.3%
656.2
21.0%
1,362.5
23.4%
1,366.1
22.7%
1,241.0
23.9%
1,217.3
23.5%
% margin
1,355.2
9.8%
593.9
3.7%
(1,941.1)
(19.1%)
(1,109.1)
(24.2%)
(417.1)
(13.4%)
95.3
3.1%
92.2
3.0%
679.1
16.5%
479.7
8.1%
638.9
8.2%
802.9
8.5%
911.8
8.3%
810.5
6.4%
1,695.8
8.2%
1,849.1
8.3%
2,465.0
11.0%
4,430.1
16.3%
4,614.1
13.7%
3,938.5
11.5%
3,932.5
11.1%
EPS8.433.69(12.07)(6.86)(2.40)0.500.483.512.433.063.794.053.385.515.767.8814.2815.7413.7314.46
Diluted EPS8.073.62(12.07)(6.86)(2.40)0.500.473.052.112.753.393.853.385.505.747.8514.2715.7213.7314.46
% margin
2,269.9
16.4%
952.0
5.9%
(2,569.1)
(25.2%)
(533.2)
(11.7%)
(669.6)
(21.5%)
178.7
5.8%
210.1
6.8%
344.5
8.4%
754.3
12.7%
990.8
12.7%
1,162.7
12.3%
1,312.6
12.0%
1,405.3
11.1%
1,846.8
9.0%
2,461.2
11.1%
3,123.8
13.9%
5,878.9
21.7%
7,545.9
22.4%
5,549.8
16.2%
5,161.1
14.6%